CASE STUDY 4

MARKETING AGENCY

Frame is an owner managed marketing communication business established in 1989. Following the death of the founding partner in 2008 and the loss of several key accounts, turnover fell dramatically from a peak of £7m to less than £2m.
Symphony were engaged to support a realignment of the executive team and support a MBO following the death of the founding partner and the loss of several key accounts - when turnover fell dramatically from a peak of £7m to less than £2m.

Symphony were engaged to support a realignment of the executive team and support a MBO.

A Symphony Director was appointed to the position of interim Finance Director where his role was to:

  • introduce robust cash and working capital practices
  • develop integrated financial forecasts and KPI monitoring
  • secure additional working capital funding for the ‘new’ company
  • take responsibility for the production of management accounts
  • provide financial and legal support to the MBO process

Today, Frame has doubled its turnover, employs 30 people and has returned to profitability. The company continues to grow its client base, which include several FTSE-100 listed companies.